Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Orlando Wyndham to Acquire Premium NZ Wine Company

Orlando Wyndham to Acquire Premium New Zealand Wine Company

ADELAIDE, Feb. 10 /MediaNet International-AsiaNet/ --

Australia's largest wine and spirits company, Orlando Wyndham, has reached agreement to acquire 100% of Framingham Wine Company Limited, subject to the approval of the New Zealand Overseas Investment Commission.

Orlando Wyndham is a subsidiary of international wine and spirits group, Pernod Ricard.

Established in 1991, Framingham owns and markets the premium Marlborough wine brands Framingham and Tylers Stream.

The company is highly respected for its range of aromatic white wines including Sauvignon Blanc, Riesling and Pinot Gris, as well as its Pinot Noir red wine.

Framingham owns and operates a modern winery and cellar door sales facility near Renwick in the heart of Marlborough's Wairau Valley.

The company sources premium grapes from its own vineyards and a select number of contract growers in the Marlborough district.

"Framingham is a well-established premium wine business and we look forward to taking advantage of immediate growth opportunities in New Zealand, Australia and, in the longer term, a number of other International markets," Orlando Wyndham Chairman and Chief Executive Officer Laurent Lacassagne said.

"Framingham will complement and add value to Orlando Wyndham's existing brand portfolio and we believe Framingham will benefit from Orlando Wyndham's winemaking and marketing expertise as well as Pernod Ricard's world-wide distribution network."

Chairman of Framingham, Rex Brooke-Taylor, who will continue as both a grape grower and Director of the company after the acquisition, said that establishing Framingham as a premium Marlborough wine brand had been an exciting experience over the past 13 years.

Mr. Brooke-Taylor said he was very pleased to see the company joining Orlando Wyndham's portfolio of premium brands and was looking forward to remaining involved in the next phase of Framingham's development on the International stage.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news